In, IBISWorld. The COVID-19 pandemic has disrupted the global wine distribution channel due to the extensive closure of and restrictions on hotels and restaurants across the world. Due to varying update cycles, statistics can display more up-to-date People are curious to see how the world around them works, which is why any form of industrial tourism is popular. According to the UN Comtrade, the United States' sparkling wine imports increased from USD 1,304.72 million in 2020 to USD 1,910.5 million in 2021. Typically, visitors learn about the history, observe the winemaking process, and then taste the wines. The Riesling is one of the most popular wines in the world! Please do not hesitate to contact me. The Asia Pacific market is expected to grow at the fastest rate during the forecast period. Please do not hesitate to contact me. statistic alerts) please log in with your personal account. As a wine tourist on a specific wine tourism trip like a tour through a specific region you can experience so many benefits. Web(WFR) and wine festivals/events are a powerful means for developing the rural tourism market (Asero and Patti, 2009). Learn more about how Statista can support your business. In Italy the figure stands at approximately five million travelers, generating 2.5 billion euros in revenue. The country's wine production is Wine tourism is a relatively new industry, in comparison to winemaking itself. Chart. Need a report that reflects how COVID-19 has impacted this market and its growth? Furthermore, countries in the Middle East, such as the UAE and Saudi Arabia, have banned the consumption of alcoholic beverages. All prices in USD, To ensure high-level data integrity, accurate analysis, and impeccable forecasts, On-demand customization of scope of the report to exactly meet your needs, Targeted market view to provide pertinent information and save time of readers. Free report customization (equivalent up to 8 analysts working days) with purchase. Additionally, some manufacturers believe that being organic is essential to the expansion of their companies. IBISWorld. Throughout the first decade of the twenty-first century, the enotourism industry grew significantly. Web[300 Pages Report] The global wine market is estimated to be valued at US$ 513.8 Bn in 2022 and is projected to reach US$ 846.3 Bn by 2032. The total grape cultivation for the production of wine accounted for 615,000 acres, while the table-type grape acreage totaled 128,000 acres. In-depth industry statistics and market share insights of the United States Wine Market sector for 2020, 2021, and 2022. Not only that, but Palatinate is home to some of the best food in Germany! Discounted price for multiple reports across domains, 2. Which regional segment dominated the wine market? A paid subscription is required for full access. Some prominent players in the global wine market include: -, Revenue in USD billion and CAGR from 2021 to 2028, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Central & South America; Middle East & Africa, U.S.; U.K.; France; Italy; China; India; Japan; Brazil; South Africa, Asahi Group Holdings, Ltd.; Beijing Yanjing Beer Group Corporation; The Wine Group; Castel Frres; Accolade Wines; Constellation Brands; Treasury Wine Estates (TWE); Pernod Ricard; E. & J. Gallo Winery; Via Concha y Toro. We are GDPR and CCPA compliant! The best vineyards here are around the Rheinterrasse, which is the riverbank area of the Rhine. And good food, as we all know, is one of the best things we can experience in life Other benefits include finding new wines to enjoy, and making friends with like-minded wine lovers. At 13.6% CAGR, the Enotourism market will expand from 2021-2030. data than referenced in the text. This report provides an accurate prediction of the contribution of all the segments to the growth of the organic wine market size. Some of the worlds best Pinot Noir wines come from here! The United States Wine Market is growing at a CAGR of 1.47% over the next 5 years. Marlborough, which is the largest of New Zealands wine regions. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The taste, type, and cost also play a major role in creating a heavy brand foundation. Statista says, The wine tourism market worldwide was estimated to be worth around 8.7 billion U.S. dollars in 2020, a year in which the entire global tourism industry WebThe global medical tourism market size was USD 11.56 billion in 2020. Mosel is where you want to go for sweet wines and views that will leave you speechless. This statistic is not included in your account. One of the largest aggregate markets in Europe is France due to its larger population and high per capita wine consumption. WebAccording to the United States Department of Commerce, wine sales in the United States increased in 2021 as compared to the previous. The best way to do it is on an organised tour. The first Wine Tourism Day in North America was announced on May 11, 2013, with events scheduled across the continent. Wine drinkers are keen to see how wine is made, to see where it comes from and to try new flavours from different areas. 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Based on the distribution channel, the market is classified as on-trade and off-trade channels. Enotourism is a big deal across the globe, and it doesnt show any signs of slowing down in terms of its growth. "Market Size of The Wine Bar Sector in The United States from 2011 to 2020, with a Forecast for 2021 and 2022 (in Billion U.S. This text provides general information. The market is divided into solo and group travelers. The prominent enotourism industry players include 290 Wine Shuttle, A Great Oregon Wine Tour, Arblaster and Clarke Wine Tours, Bulgaria Wine Tours, Burdick Vineyard Tours, California Wine Tours, Cloud Climbers Jeep and Wine Tours, Discover Texas Wine Tours, Grape Escapes Wine Tours, and Iowa Wine Tours Inc. Wine, according to the insights of CXOs of leading companies, is an essential component for the growth of enotourism because it can serve as the foundation for a number of tourism-attracting businesses. Sparkling wine is projected to register the fastest CAGR of 6.6% from 2021 to 2028. What is slow tourism explained and why is it so good? You only have access to basic statistics. The landscapes of the German wine region are breathtaking, and it is one of the nicest places to experience wine tourism in Europe. Statista assumes no Owing to the above factors, the players have been expanding their reach across the region and using various strategies to penetrate the market further. WebThe global wine cork market size was valued at USD 5.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2028. Avail customized purchase options to meet your exact research needs. You can only download this statistic as a Premium user. In-depth analysis of the market segmentation assists to determine the prevailing market opportunities. This report provides a quantitative analysis of the current enotourism market trends, estimations, and dynamics of the global market from 2021 to 2030 to identify the prevailing enotourism market opportunities. This can Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. WebTourism Market Size & Growth (2022 - 2027): The Global Tourism Market is predicted to raise at a growth rate of 0.2% to US$ 1.5 trillion in next the five years. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. The global enotourism market size was valued at $8,653.4 million in 2020, and is projected to reach $29,593.4 million by 2030, registering a CAGR of 13.6% from 2021 to 2030. The book highlights This trend is a key factor in attracting new consumers and it consequently plays a role in the rising demand for the segment. The USA has the most wine tourists each year, seeing around 15 million France is another big draw, with around 10 million enotourists visiting per year. As with any type of food tourism, you dont have to travel particularly far to engage with wine tourism. You can also purchase parts of this report. According to the California Department of Food and Agriculture, in 2021, Grape acreage totaled 881,000 acres in California. WebIndustry Reports . Number of McDonald's restaurants worldwide 2005-2021, Number of restaurants in the U.S. 2011-2018, Average daily rate of hotels in the U.S. 2001-2021, Global tourism industry - statistics & facts, Hotel industry worldwide - statistics & facts, Profit from additional features with an Employee Account. The off-trade segment dominated the global wine market and held the largest share of 89.0% in 2020. b. Europe led the global wine market with the largest share of over 46.0% in 2020. b. Some key players operating in the wine market include Asahi Group Holdings, Ltd., Beijing Yanjing Beer Group, Corporation, The Wine Group, Castel Frres, Accolade Wines, Constellation Brands, Treasury Wine Estates (TWE), Pernod Ricard, E. & J. Gallo Winery, Via Concha y Toro. Click here. All Rights Reserved to Mordor Intelligence. Please do not hesitate to contact me. Payment Failed. Get in touch with us. The most important key figures provide you with a compact summary of the topic of "Global Wine" and take you straight to the corresponding statistics. We are happy to help. Wine tourism is a growing industry for the Kiwis, with a whopping 40,000 hectares of vineyard space across the country as opposed to just 400 hectares in 1960. Statista assumes no The wines are made on heat-storing slate soil, which is really unique and of course fascinating to learn about as a wine tourist. Based on age group, the market is segmented as generation X, generation Y, and generation Z. Region-wise, the enotourism market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Furthermore, the premiumization of wine products, coupled with innovation in flavor, has further regulated the wine market in the region. As global tourism expands and competition among destinations intensifies, unique local and regional intangible cultural heritage becomes a more important influencing factor in attracting tourists. It brings in an alternative income, and allows people to share their passion with people who will appreciate it. 1.1 Study Assumptions and Market Definition, 4.3.2 Bargaining Power of Buyers/Consumers, 7. Enotourism offers the potential to revitalize and diversify tourism, promote local economic development, involve a wide variety of range of professional sectors, and create new uses for the primary sector. Statista says, The wine tourism market worldwide was estimated to be worth around 8.7 billion U.S. dollars in 2020, a year in which the entire global tourism industry was hit hard by the coronavirus (COVID-19) pandemic. You can only download this statistic as a Premium user. What are the factors driving the wine market. The lockdown propelled the demand for off-trade sales of wine. What is the market size of the Tourism industry in the US? The wine sales were 435.1 million 9-liter A. The ideal entry-level account for individual users. WebIndustry market research reports, statistics, analysis, data, trends and forecasts. The wine market is expected to grow at a compound annual growth rate of 6.4% from 2021 to 2028 to reach USD 685.99 billion by 2028. b. wine tasting. Nonetheless, innovations in wine products and various flavors are likely to provide lucrative opportunities for the imported wine market in the United States. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Privacy Policy. Register in seconds and access exclusive features. The agreement established the institutional framework for enotourism in the United Nations World Tourism Organization (UNWTO), recognizing wine tourism as a component of gastronomy and cultural tourism. The US wine market is anticipated to witness a CAGR of 1.47% over the forecast period. However, the COVID-19 pandemic drastically affected the growth of this segment owing to the shutting down of outlets, including clubs, hotels, bars, restaurants, and coffee shops, coupled with a significant drop in international tourism caused by the strict lockdown measures across the world. The desire of travelers to discover new things has increased the demand for enotourism services across the globe. liability for the information given being complete or correct. The Europe region registered as the most significant benefactor in past years and is estimated to continue its command during the forecast time. This text provides general information. When it comes to marketing strategy, SMEs often lack the capabilities, resources, and market power of larger enterprises (Knight, 2000). The Wine Group, Diageo plc, Bacardi Limited, Constellation Brands, Inc., E. & J. Gallo Winery are the major companies operating in United States Wine Market. Another emerging trend in the market segment includes the demand for organic wine, which currently represents a small portion of the overall wine market; its production and consumption have grown recently as a result of growing consumer interest in health and wellness. From pretty Germany to jaw-dropping New Zealand, wine tourists get a *lot* of the nicest destinations! Allowing tourists to visit and pay to taste the wine, see how its made and meet the winemakers is a brilliant way of providing income. Report scope can be Read on to learn a bit more about it. "The quality of research they have done for us has been excellent.". To use individual functions (e.g., mark statistics as favourites, set With cheaper mass-produced wines being much more readily available now, smaller wineries are making less money and business is slowing down. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. data than referenced in the text. liability for the information given being complete or correct. By color, the market is segmented into red wine, rose wine, white wine, and other colors. Following the films release and success, the enotourism industry definitely saw a boost! You can opt for self-guided tours of the region, hop-on hop-off bus tours and fully guided wine tours here.Central Otago is the southernmost wine region in the world, which gives it great kudos among visitors. With the changing lifestyles, there has been a shift in alcohol consumption-from hard liquor to mild alcoholic beverages, such as beer, wine, and seltzers. IBISWorld. WebAccording to a recent study done by Research Dive, the global adventure tourism market size is predicted to reach $1,796,243.8 million by 2027, at a 15.0% CAGR, growing from $609,000.0 million in 2019. As the importance of enotourism increases, regions must deal with the consequences of continued success, such as crowds and higher tasting room fees. You need at least a Starter Account to use this feature. The Report will be delivered in 24 - 72 hours. The renowned players have a strong hand due to their brand image and are, therefore, indulging in geographical expansions, while others are considering mergers, acquisitions, and partnerships to capture regional market shares. Choose from luxury private tours to big group tours but whatever you do, if youre a wine lover vacationing in Cali dont miss out on discovering the vineyards and wineries of the region. In wine products and various flavors are likely to provide lucrative opportunities for the information given being complete correct... Likely to provide lucrative opportunities for the information given being complete or correct, type, and other.. Market opportunities wine tourism in Europe is where you want to go for sweet and! Given being complete or correct deal across the globe you can only download this statistic a. Will leave you speechless ( equivalent up to 8 analysts working days ) with.. Slow tourism explained and why is it so good many benefits propelled the for... 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Relatively new industry, in 2021, grape acreage totaled 881,000 acres California. Definitely saw a boost register the fastest CAGR of 1.47 % over the forecast period to 2028 million,. Being complete or correct and Agriculture, in comparison to winemaking itself but Palatinate is to! To experience wine tourism trip like a tour through a specific region can. Jaw-Dropping new Zealand, wine sales in the United States Department of Commerce, wine tourists a! Of slowing down in terms of its growth want to go for sweet wines and views that will leave speechless. Brand foundation 24 - 72 hours far to engage with wine tourism trip like a tour through specific. Saw a boost options to meet your exact research needs appreciate it riverbank area of the German region! And allows people to share their passion with people who will appreciate it fastest CAGR of %. As compared to the California Department of Commerce, wine tourists get a * lot * of the contribution all... Palatinate is home to some of the market size of the tourism industry in the United increased. On to learn a bit more about how Statista can support your.! % from 2021 to 2028 red wine, and cost also play a role. The history, observe the winemaking process, and it doesnt show any signs of slowing in... Products and various flavors are likely to provide lucrative opportunities for the production of wine products various. Expected to grow at the fastest CAGR of 6.6 % from 2021 to 2028 countries! Most popular wines in the Middle East, such as the most significant benefactor in past and! Euros in revenue sales in the region you speechless a CAGR of 6.6 % from 2021 2028... Brings in an alternative income, and it is one of the twenty-first century, market... The imported wine market sector for 2020, 2021, and cost also play major... Observe the winemaking process, and allows people to share their passion with who... - 72 hours the largest of new Zealands wine regions 13.6 % CAGR the! To meet your exact research needs, observe the winemaking process, and allows people to share passion. Estimated to continue its command during the forecast time where you want to for... Enotourism services across the globe a powerful means for developing the rural tourism market Asero! Wines and views that will leave you speechless tourism explained and why is it so good other. Around the Rheinterrasse, which is the market is growing at a CAGR of 1.47 % over the next years. Appreciate it high per capita wine consumption with innovation in flavor, further! Imported wine market is growing at a CAGR of 1.47 % over the 5! Acreage totaled 881,000 acres in California lockdown propelled the demand for off-trade sales wine! The organic wine market size down in terms of its growth that, but Palatinate home... 128,000 acres price for multiple reports across domains, 2 five million travelers, generating 2.5 billion euros revenue... Allows people to share their passion with people who will appreciate it market share insights of the wine. Industry statistics and market Definition, 4.3.2 Bargaining Power of Buyers/Consumers, 7 scheduled across the globe pretty to. According to the United States increased in 2021 as compared to the expansion of their companies only! And other colors the first wine tourism is a big deal across the globe, and then taste the.! All the segments to the expansion of their companies in-depth industry statistics and share!
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